Demonstrate understanding of how a large business responds to external factors

What this standard covers

• Political influences: changes to government policy, trade unions, employer associations
• Social influences: demographic change, ethical influences and societal expectations
• The impact of technological change on a large business
• Legal influences: the Employment Relations Act 2000, Resource Management Act 1991 and Privacy Act 2020
• Explaining the business RESPONSE, not just the factor
• Assessed by an end-of-year external examination